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on the debt ceiling. not sure he's going to have it on guns, but he's going to drive the really hard-line republicans crazy because he's going to be able to break off 40 or 50 of them for all these other things. chris: that seems to be true as much as the opposition is hotter and perhaps hardening out there on the right. it does seem that the center right and the center are in play and obama is making his move toward them successfully. >> their governing philosophy coming in is that the fever would break among the tea party folks, among the hard right, and also that just folks in the house would sort of move to the boehner philosophy, which is a governing philosophy. the sort of -- chris: in other words, you don't need a majority of the republicans to rule. >> you break the rule, which is what he's done on these big-ticket items. they have been meeting over these last couple of days to figure out wait forward. i think the president was smart to step into these debates early and often and frame them in ways that americans can understand. and you have house republicans trying to play c
inauguration speech. and then there's the debt ceiling. dull. no one was particularly surprised today when republicans began bashing speech. he offered a liberal vision - touching on preserving the social welfare safety net. some thought it overly partisan and aggressive. >> "the era of liberalism is back.unabashedly far left of center inauguration speech" congress to pass tighter gun the presidential inaugural celebrations came to end. and president obama iscoming up. his broad and ambitious agenda for his second term. and why republicans probably won't be making it any easier during the next four the investigation underway. into what caused this massive fire at an airforce base yesterday. the 40th anniversary of the so far president obama has laid out a broad and ambitious agenda for hisbut signs are scant negotiating with republicans will be any easier for the next four years. on tuesday the inaugural celebration was capped off cathedral in washington. now the president begins a second term - with plenty on his plate. threat of climate change >> reporter: in his inaugural addreess -obam
house republicans could avoid a showdown over the debt ceiling. coming up, we will have a live report from our washington d.c. newsroom with not so hidden agenda. >>> tara moriarty tells us about the four victims shot at and they are all teens. >> reporter: ever since we were here, neighbors stopped by to ask us if we have more information because quite frankly they are shocked as the teens were standing here and somebody drove bias -- drove by and shot at them. you can see the bullet holes. this all happened at 6:00 in grandville and the driveby shooting left four young people ranging in age 13 to 16 and luckily they are all expected to survive. they were struck by bullets by three or four males ins side. two middle school boys were here and we don't know if they were in deed the victims. >> i have seen them playing soccer and i have never had any problems with that family. >> so you really are surprised. >> yes, it is very surprising, very scary. >> right now detectives say they have no motive and they are not saying if the shooting is related. we will keep checking in with them all
these grants made and then there is no follow-up. in light of what is going on in the nation, debt ceiling, in light of what is really going on here in the city and county of san francisco we need to involve the constituents, because the taxpayers that pay it, you may get the money from the state or the federal, it is the taxpayers who pay the taxes and we need to have some accountability and some transparency. i am not saying that this contractor is going to do his job i hope he does his job quarterly or twice a year or for the duration of this contract we get some reports. so that we can read and see what is happening. thank you very much. >> is there any other member in of the public that would like to make comments? seeing none public comment is close. (gavel) this is an action item. >> mr. chair? >> i know there is question about work between the mta and the transportation authority. can you talk about those issues and how they were resolved? >> both agencies have responsibility especially mta which has legislation for originating parking in public policy of the transportatio
the debt ceiling allowing more borrowing through spring to pay america's bills and it cuts pay for lawmakers if they can't pass a budget by tax time april 15th. >> most americans believe you don't do your job you shouldn't get paid. >> i'm tired of government governing by gimmicks. >> reporter: the senate hasn't pass ad budget in almost four years. >> the last time they pass ad budget the ipad hadn't been introduced. >> reporter: paul ryan will draft the budget with deeper cuts. that's a carrot to get conservatives to go along but some still want to see cuts first. >> will not vote to raise the debt ceiling unless significant efforts are made to fix the under lying problems. >> reporter: senate democrats hint theology pass a budget but not soon. >> approach that when we need to. >> reporter: the white house says even in short term the president will sign pinpoint >> the debt ceiling ought not to be a political football. >> reporter: this republican retreat with one last tanned if they can't compromise lawmakers' paychecks could take a hit. what's still not known is if this is t
. >> reporter: so republicans are offering a compromise on the debt ceiling. house gop members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling has raised. it's a move the president has demanded. >> i do believe it is a recognition of political reality. i think we realize the president won the election. >> reporter: but republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a highe debt limit, they want senate democrats to do something they haven't done in four years -- pass a budget. >> for us to have a debate about spending and debt, we've got to have the focus be on a budget and what we're going to do to achieve a balanced budget over time. >> reporter: senate democrats view the vote as an opportunity to raise more money for taxes. >> it's going to be a great opportunity for us. in our budget we lift budget reform which many of my republican colleagues like, but it's going to include revenues. >> reporter: the house is expected to approve the debt
. >> and republicans reached a deal on the debt ceiling but there's a catch. the latest from washington. coming up next. >> from the cbs 5 weather center, good afternoon, everyone. sure, we have some rain showers in and around the bay area. that's our live camera looking out towards mount vaca. the rain and how long it will stick around as eyewitness news continues right here on cbs 5. about to pay more the next time you mail. the u-s postal >>> hope you stocked up on forever stamps because if you didn't, you're about to pay more the next time you mail out. the u.s. postal service is upping the cost of a stamp by a penny this weekend. now it will cost 46 cents to send a letter. 33 cents for a postcard and for the first time ever, the postal service is going to start offering a global forever stamp for $1.10. >>> there is a truth in the battle over the debt limit. the house passed a bill that business the country another 4 months before default but the measure forces the senate to do something it hasn't done in four years. cbs news reporter randall pinkston expla
's victories will be only partial. >> reporter: republicans are offering a compromise on the debt ceiling, house g.o.p. members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling is raised. it's a move the president has demanded. >> i do believe it is a recognition of political reality. we realize the president won the election. >> reporter: republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a higher debt limit, they want senate democrats to do something they have not done in four years, pass a budget. >> for us to have a debate about spending and debt, we've got to have the focus be on a budget and what we're going to do to achieve a balanced budget over time. >> reporter: senate democrats view a budget vote as an opportunity to raise more money through taxes. >> it's going to be a great opportunity. in our budget that we will pass we'll have tax reform, which many colleagues like but it will include revenues. >> reporter: the house i
cuts. it could be a key to the house vote today on the debt ceiling battle. nancy cortes is on capitol hill. good morning. >> reporter: good morning. that vote is set to take place in the next couple hours. this is the week we thought the big fight over raising the debt ceiling was going to get under way. that's something senate democrats haven't managed to do since 2009. no budget, no pay. that is the message from the house republican leader. >> americans believe if you don't do your job, you shouldn't get paid. that's the basis for no budget, no pay. >> reporter: the bill they will be voting on today calls for a temporary suspension of the debt ceiling until mid-may, but it requires the house and senate to craft budgets by april while members' salaries will be held in escrow. paul ryan explains the strategy. >> in the house, democrats and republicans have been leading by offering budgets and offering alternatives. the senate hasn't even done that. all we're saying is let's get the senate in here to do that to see how we're going to figure out the p
. >> reporter: republicans are offering a compromise on the debt ceiling, house g.o.p. members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling is raised, a move the president has demanded. >> it's believe it's a recognition of political reality. we realize the president won the election. >> republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a higher debt limit, they want senate democrats to do something they have not done in four years, pass a budget. >> for us to have a debate about spending and debt we've got to have the focus be on a budget and what we're going to do to achieve a balanced budget over time. >> senate democrats view a vote as an opportunity to raise more money through taxes. >> it's going to be a great opportunity for us, because in our budget that we will pass, we will have tax reform which many of my republicans like but it will include revenue. >> the increase will likely happen tomorrow. >>> one other provision o
debate is whether to raise that debt ceiling. 69 percent of you said it should only be raised after major cuts are made where 23 percent say it would be reckless not to. it is coming up. >>> powerful wind gusts tearing through the midwest knocking down this frtree and causing ito fall into the house in ohio. luckily the people inside the home were in the basement so they were not injured. >>> with the stong winds comes a a -- strong winds comes a bitter cold snap. for more let's go to maria molina. >> we are not looking at cold temperatures across the areas of the midwest but also in the oifrt ea northeast. we didn't get this cold in places like the northeast. take a look at portions of the midwest. 6 below zero the current temperature in minneapolis. that is not the windchill. it feels even colder and some places will be looking at windchill temperatures more than 20 degrees below zero. we are talking about dangerous conditions across places in the upper midwest. make sure your home is winterized. we are only going to be seeing a hyatt 4 below zero 8 degrees below zero in far go. 45 dc a
spending cuts in exchange for raising thehe debt ceiling-- at least for now. it was partly a recognition that multiple showdowns over the debtcb and spending have hurt the g.o.p.'s standing with voters. a cbs news poll released lastal week found americans trust the president over congressional econ republicans to handle thea republic economy by 15 points.r john thune is a republican senator from south dakota. was this what the republicanrepublican party saying we're going too operate a little differently in a second president obama term?ell, i thi >> well, i think -- i do believe it's a recognition of politicalde reality. the pre we realize the president won the election and i -- so i think to some degree it was a recognition that for us to have a debateav about spending and debt we'vewe got to have the focus be on a and wha budget and what we're going to achieve a balanced budget over time. >> pelley: and that's why thee republicans have attached a caveat to their debt ceiling bill. they want senate democrats to do something they haven't done since 2009: pass a budget putting them on t
such as debt ceiling spending and the gun control debate. >> that's where we begin our first pole this morning. when asked if you think the tough gun control laws will prevent acts like the noun shooting 41 percent say no people will still try to commit the acts. 22 percent said yes. we asked about finances. those polled say income taxes will likely go up this year 11 percent more than the number who believe gun laws will change. 48 percent say they expect changes through immigration reform this year. 21 percent believe the deficit will get smaller. >> when it comes to the deficit in spending 83 percent were told they believe government spending is out of control that's up from 78 percent back in february 2010 and the next economic debate is whether to raise that debt ceiling. 69 percent of you said it should only be raised after major cuts are made where 23 percent say it would be reckless not to. it is coming up. >>> powerful wind gusts tearing through the midwest knocking down this frtree and causing ito fall into the house in ohio. luckily the people inside the home were in the basement so
and benghazi.to the fall- out from his inauguration speech. and then there's the debt ceiling. things are not going to be dull. no one was particularly surprised today when republicans began bashing the president's inauguration speech. he offered a liberal vision - touching on and preserving the social welfare safety partisan and aggressive. >> "the era of liberalism is back.unabashedly far left of center inauguration speech" >> catherine: white house cameras caught the president and first lady surprising tourists at the white house today. it's not usually part of the tour. but then it was back to work. one of the first tests of the president's second term comes quickly this week. chuck hagel - his choice as defense secretary has to win over hostile republicans. there's a senate hearing this week. john kerry on the other hand - is expected to breeze through his thursday hearing.as the choice for secretary of state. another key hearing. hillary clinton - who still holds that job - is set to testify on the attack on the american mission in libya wednesday. where she could be grilled on
on the debt ceiling, backing onshore flow a requirement to cut $1 for every dollar raised. >> for us to have a debate about spending and debt we've got to have a he can to us beyond budget and what we're going to do to achieve a balanced budget over time. >> a great opportunity for us. in our budget that we will pass, we will have tax reform which many of my republican colleagues like but it's going to include revenues. >> the house is expected to approve the debt limit increase tomorrow. >>> the super bowl will be in new orleans, but police are getting ready for potential problems in san francisco. they arrested a dozen people in the mission district sunday as fans celebrated the 49'ers win in atlanta. most of them were for public intoxication. there were arrests for dui, assault and an outstanding warrant, no reports of vandalism. >>> not to get ahead, but why not? it's worth noting more than a dozen cities had multiple sports championships in a single year. but since super bowl era, only four. baltimore did it in 1970. pittsburgh in 1979. new
for a temporary lift to the debt ceiling. the house is expected to approve legislation on wednesday that would raise the debt limit for three months without any cuts to spending. members of the congress believe they can come up with a spending plan during that window. honda of campbell also introduced legislation for a back up plan that would prevent the worse fiscal cliff. >> i think we should have a process that addresses that so that it doesn't become a barrier or a political football. >> the last time lawmakers fought over the debt ceiling two years ago the country's credit rating was downgraded. >>> on wall street, stocks closed higher despite mixed earnings. >>> president obama began the first day of his second term with a traditional postinaugural prayer service. the president and first lady were joined by vice president biden and his wife at the washington cathedral this morning. the national prayer service dates back to the first inauguration of george washington. the interfaith service included prayers and readings from christian denominations along with islam, judisim and the sikh r
to diffuse the looming debt ceiling crisis. the measure suspended the cap on federal borrowing and establishes a new may 19 deadline. in return for this vote, democrats a promised a budget plan with the spending cuts. both sides say they're hoping for continued cooperation. they are expected to pass legislation to the house and president obama said he will sign it. they were encouraged -- investors were encouraged -- the dow closed at its highest level since october 2007, months before the start of the great recession. the nasdaq and the s&p 500 some modest gains. >> the security deal -- they are accused of using their detail for personal and political gain. mark walker testified that he was required to help with the county executive's reelection campaign. walker also claimed he kept watch as he engaged in sexual encounters with his mistress. he denies any wrongdoing -- testimony resumes tomorrow. >> jury selection took up again in the murder case. new questions about a person in that case -- the lead police detective. jim miller has the story. miller has the story. >> we took
the debt ceiling mid-february. this pushes this whole thing back a couple months. doug mckelway is live in washington with the story. doug, surprise, surprise, right? >> reporter: surprise, surprise, martha. this is the no budget, no pay bill. it would suspend the debt limit until may 19th at which time the debt limit would automatically increased beyond the present $16.4 trillion to accommodate whatever the u.s. borrowed at that time. it makes the extra borrowing contingent upon this. if either chamber of congress fails to pass a budget by april 15th. all income earned by members of that respective chamber would be settle aside. no budget, no pay. republicans ha been frustrated by the senate's failure to pass a budget the last four years. in his inaugural address yesterday some say the president set a not so conciliatory tone about the debt ceiling and other impasses with the gop-controlled house. >> we can not mistake absolutism for principle or substitute speckel for politics, or treat name-calling as reasoned debate. >> reporter: couple blocks away at a breakfast at a restaurant he
. the debt ceiling debate is in the spotlight. as kyla campbell reports there's an important meeting planned today and a vote planned for tomorrow. >> reporter: mike thompson is part of a house committee holding a meeting today on the debt ceiling. they are taking a look at how the past has voted to raise the limit. the committee is examining the constitution to see if it provides options for the president when the deal is reached. tomorrow, the house will vote on increasing the debt ceiling so the u.s. can pay its bills through may. if congress approves, pressure falls on senate democrats to pass their first budget in four years. without one there could be a partial government shut down at the end of march. congressman mike honda is making a pitch. i will explain his proposal when i see you next. back to you. >> thank you. >>> great economic news just coming in right now. u.s. home sales rose to a five- year high last year. that should bode well for the markets. dow jones is down a little bit. right now, the nasdaq also down, but the s&p s&p, posting a little bit of a -- but the s&p posting
will deliver the first speech of his second term. he could choose to lay out his challenges. the looming debt ceiling and passing a gun control. >> he is going to talk about our political system does not settle all of our differences >> after the official business. it will party at the inaugural ball. in washington, tory dunnin. >> and you'll be able to watch the inauguration ceremony live during the kron-4 morning news on monday. it will start at 8-30 in the morning. and we'll also have the inaugural parade live on our 24-7 bay area news channel - starting at 10-35. >> temperatures in the 30's and '40's. even the chance for some chanel showers. looking great, plenty of sunshine and temperatures making it into the mid '60s. look for readings in the low 60s. 65 degrees. berkeley, richmond, oakland. and this nice weather will hang on for another day. 60s and sunshine. for wednesday, this weather system is coming through with harley of mostly cloudy skies. sunday for thursday and friday of the chances for storms with rainfall possible. >> we will continue our coverage and a gary radnich will als
including raising the debt ceiling, which the house expected to vote on tomorrow. in the inaugural address, he made history as the first president to mention the word "gay" and "gay rights." >> if we are truly created equal surely the love we commit to one another mutt be -- must be equal, as well. >> there will be one more party tonight, the obamas and friends celebrate with campaign and white house staffers at inaugural ball where supposedly lady gaga is performing. >> the president is sworn in on two bibles one from martin luther king and the other from abraham lincoln. traffic and weather, together, next on the abc7 morning news. here is the golden gate bridge, dry as a bone. but maybe, maybe, maybe there is rain in the forecast. >> and a deal to sell sacramento kings so they can move to seattle. the ripple effect that >> welcome back, almost everyone is just a bit warmer than yesterday so we do not have as frost. 32 at concord and fairfield is 31. upper 30's around the bay to 40 in oak and 47 in san francisco. this afternoon, low-to-mid 60's with filtered sunshine because of the high
: they are attending a usual church service but for congress it is time to get back to work increasing the debt ceiling as their main priority and house leaders just unveiled legislation yesterday to extend through the middle of may. without that move, the u.s. could default for the first time ever and the current debt limit is $16 trillion and they do not set a specific limit. they are now shifting gears and they can pressure senate democrats to pass a budget for after four years of failing to do so. they also included provision which says if there is no deal by april 15th, lawmakers do not get paid. but senate has not passed one since 2009 and now the gop feels they have americans on its side. >> americans get it, federal overspending is actually dragging our economy down rather than lifting our families up. >> what they are saying when i see you next, kyla campbell ktvu channel 2 morning news. >>> and you can watch more of president barack obama's inauguration including beyonce say saning the national and them. >>> the man has been identified. police are not exposing his name but he exposed himself
to suspend the nation's 16.4 trillion dollar debt ceiling through may's 18th. the bill will prevent the u.s. from going into default. senate majority leader harry reid says that it will also pass the bill. president obama is expected to sign on tuesday when it reaches his desk. >> today the board of trustees will meet to discuss ways to save sampras's goes city college. the school is on the brink of shutting down. that is because the accreditation commission found numerous violations with the college structures and finances. census that met yesterday to talk about the issue the members of the community are anxious about what could happen next. >> if there is a real need to have to be able to show a perception that we are unified and that we really want to save our college. it is not a good option for us to be absorbed by another district. we need to maintain control of our college and awaited do that is with jewels solidarity. >> and the school which serves about 85,000 students has until march to turn itself around. >> we have a water break in greenbrae and it's going to >> we have a wat
, the fiscal cliff crisis over, the debt ceiling battle pushed off. congress hearing the frustration we've been hearing on the trading floor for months. >> people in the city and outside the industry are just frustrated. >> reporter: frustrate because that gridlock put a lock on the stock market too. but tonight for many of those boomers and so many americans, finally, what appears to be a solid recovery. >> these worst case scenarios people were looking at in 2008, you can start to say, okay, we're not going to go there. >> reporter: couples like john and jeanette who you first met to "world news" two years ago. john had turned 60, jeanette about to. a manufacturing sales rep, he was planning to work another five years because of the market. their retirement dreams had grown simpler since that wedding day. their only trips, to visit their granddaughter. since we last interviewed you, how much has your 401(k) recovered? >> it's gone up about 30%. >> reporter: and one stock alone, how much is it up? >> about 26 or $27,000. >> reporter: their 401(k) growing again along with that granddaughter. is
allen was cleared of wrongdoing. the battle over the debt ceiling has been put off to another day because on this day the republican-controlled house voted 285-114 to allow the government to keep borrowing the money it needs to pay its bills through mid-may. the senate and the white house are expected to go along avoiding the threat of default that would rattle financial markets. in a survey of investors by bloomberg, 36% said america's fiscal woes are the biggest threat to the world economy, more than the 29% who named the european debt crisis. anthony mason is attending a meeting of world bankers in davos, switzerland. >> reporter: how strong do you think the u.s. economy actually is right now? >> i think the u.s. economy wants to be strong. >> reporter: but mary callahan erdoes says the bickering in washington is holding it back. erdos is one of the most powerful women on wall street. as c.e.o. of j.p. morgan asset management, she presides over $1.2 trillion in investments. >> the u.s. has to realize it's got so much going for it. let's just get ourselves to come together as a
a proposal. they said hey, we'll lift the debt ceiling if for the next three months you give us a budget, senate and the president. get together on a budget so we can go through the normal budget process. does that show republicans ac question yes, sirring or showing they're coming to the table more? >> you know, because i've been on shot and die it every monday with you, because i happen to like you and the show very much, all three of you, we have a lot of fun. i also know you have high ratings, so i'm very honored. i've been talking about this for weeks with you. we have to do something with regard to spending. we have to do something and we have to do it fast. and everybody, i think we missed a great opportunity and this is what we've been discussing when they didn't go over the cliff because if you went over the cliff, you would have been over the cliff for 24 hours before everything was solved with the big picture. if they gave that you opportunity, i think that at this point, if the 14th amendment is not going to be used, which it might be, i mean, you understand what i mean by t
to delay a debate over the debt ceiling. chief capitol hill correspondent kelly o'donnell has more. good morning. >> reporter: good morning, natalie. this is to avoid those showdowns we've seen the past two years. it would give the government more time to borrow. while democrats would like a longer term solution, the white house says it would go along. >> most americans believe you don't do your job, you shouldn't get paid. >> reporter: today's vote is a tactical shift in the gop playbook, putting on hold their demand for a debt ceiling increase only with spending cuts attached. >> it's a concession by republicans that they were not going to be able to win a spending cut fight using the debt ceiling vote. >> reporter: the clock is ticking. the country will max out its credit card at $16.4 trillion in several weeks, risking possible default on the nation's debt unless congress okay's more borrowing. the house is considering a short-term fix. lift the debt ceiling for a few months to take the pressure off, but require both house and senate to pass a budget. if they fail, congress would not
in the house caved over the weekend on the debt ceiling and said, all right. they will extend it for only three months, not good enough. they said they will extend it notno strings attached without all of the cuts to social security and medicare they had been demanding bluffs president obama, we got his back and he stays tough, gets things done in this second term. let's talk about it 866-55-press here on the "full-court press." it's monday morning, inaugural day, january 21st. >> this is "the full court press: the bill press show," live on your radio and on current tv. current tv presents special coverage of the presidential inauguration. the pomp, the circumstance the insight and analysis. only on current tv. we have a big big hour and the iq will go way up. (vo) current tv gets the converstion started weekdays at 9am eastern. >> i'm a slutty bob hope. >> you are. >> the troops love me. (vo) tv and radio talk show host stephanie miller rounds out current's morning news block. >> you're welcome current tv audience for the visual candy. just be grateful current tv does n
. >> now congress will focus on the debt ceiling and immigration reform. >> the first family will attend a prayer service at the national cathedral along with the vice-president. congress returns to work. reporting in washington d.c. i'm renee marsh. >> one of the issues will be dealing with a rock. 17 people have been killed and others wounded in iraq in northern bad debt. seven people were killed and six were wounded-a-in northern bad and babaghdad. >> erica will have a complete check on your forecast in minutes. >> we are back. taking a quick look at the market this morning. >> wall street was closed yesterday in honor of martin luther king jr. day. but futures trading shows both the dowel and the nasdaq in the negative while the s&p five what is in positive territory this morning. will be watching the stock market all morning long here on the kron 4 morning news. >> this week investors will be focused on the technology sector. a number of tech giants are set to report earnings today including google , ibm and verizon. >> a report on existing home sales is also expected today. apple i
that will raise the debt ceiling. the move also defuses another fiscal cliff crisis next month. the bill now heads to the senate where it will likely pass. >> metro wants to make major improvements to infrastructure. keeping pace with gross could mean spending billions. >> we'll take a closer look at what's included in the improvement proposal. >> college football star and his fake online girlfriend. we're going to hear from manti te'o and how the same thing almost happened to a red skin's player. >> we'll check in with tucker and julie with an update on the messy morning rush hour. stay with us. 11 minutes after 7:00. i [ harry umlaut ] here we go. [ sally umlaut ] what? the five stages of muller. ah yes... stage one: suspicion. "it's a yogurt, how good can it be?" stage two: revision. "actually, this ain't bad." stage three: surprise! "look at this cool cornery thing! i love this stuff!!" stage four: desolation. "it's gone!" stage five: anticipation "i guess i could always have another"... "have you been through the five stages of muller yet?" "yeah, just now." [ male announcer ] muller. the eur
the debt ceiling for three months, the president would not stand in the way. in the past, the obama administration has not embraced the idea of a short-term extension. >>> police investigating a shooting at a texas college that left three people injured, it happened at the lone star college just north of houston. authorities say it started with an argument between two men that escalated into gunfire. a student said chaos broke out quickly after. >> we heard shots, and automatically we saw students running. and we went under our desks. our teacher shut down the lights and we tried to take cover. >> both men were shot as well as a college employee caught in the cross fire. that employee is listed in stable condition. police did detain the two men. campus and several nearby schools were put on lockdown for hours. school will be back in session tomorrow, though. >>> california's approach to dealing with mental illness could be a model for the entire nation. that's the message state senate leader darrell steinberg took to washington today. he met today with aides to vice president joe bi
highs and we are watching washington, dc, especially today the vote on extending the debt ceiling. the silicon valley index looks higher. how do beer flavored crackers sound? those are the hottest food friends in 2013 on display at the winter fancy food show at mascone center including peanut brighter spiced with chili and oil and cherry pits were other offerings. >> broccoli tree? >> my kids have cinnamon steak. >> thank you very much, jane king. >> interesting combinations for food. >> what is on the menu weather-wise? >> on the menu? not so spicy, with the southeast waiting for the sun to rise. here is the cloud cover, and you can see we have haze out there and pollution is possible, this is "spare the air" day and we have more moisture near so temperatures are in the 40's and 50's. live doppler 7 hd still showing our best radar run out over the ocean and light radar run so the possibility of sprinkles in the north bay but we have not seen anything on twitter or the national weather service so we assume it is a scattered sprinkle or two so we will wait for mid-morning for more
bad with a five year high on the dow after earnings from mcdonald's, google, regarding the debt ceiling. papa john is offering a free large pizza to customers who correctly call the coin toss for the game, which is the biggest sales day of the year, the chicken counsel says 1.2 billion wing portions will be eaten over the super bowl weekend. >> now 5:24 on this wednesday morning. good news as you head outside, not as chilly as it has been in the morning. >> also news, and i am just curious why we have "spare the air" and sprinkles of rain today? >> it was interesting. i thought the same thing when they issued the spare spay day -- they issued the "spare the air" day, but the cold air could be locked in the valley and they are afraid the air will not vent if you have a fire it could create issues. no one burning wood today, mid-50's to low 60's with rain to the north, showers to the south and you can see the steady rain to the north right now and showers to our south where it will be in the low-to-upper 70's around san diego and los angeles and palm springs. >> we have word of a
of the government over the debt ceiling is off the table for now. the international monetary fund expects good economic growth worldwide. u.s. agriculture is doing very well. plus, yet another critical mega trend. >> the housing sector has been doing well with people moving out and establishing their own households. >> reporter: more and more investors are moving out of lower-paying but more secure investments. >> you had a mad race out of equities in 2007, 2008, 2009, and now here at the end of 2012, 2013, you're seeing a great rotation back into equities, because there's a better rate of return. >> reporter: but more convincing lays ahead. >> i still say that the economy is still pretty dismal. >> reporter: also, in after- hours trading, netflix was up over 30%, after a suspected loss actually turned out to be a profit. reporting live, ktvu channel 2 news. >>> on wall street today, strong earnings from google. >>> the house of representatives today passed a measure that temporarily averts a crisis over the nation's debt limit. on a bipartisan vote, the measure allows the government to borrow
the cliff on the debt ceiling. >> if you do talk to republicans, they'll tell you this is a president, very confident from his re-election. some might use the word cocky, and that he has become more partisan and more hard nosed. would you agree with that sae assessment? >> and is it by necessity or choice? >> no, i think he's become -- he's practical. and if the other side is going to take a position that they're going to oppose you on every initiative, you have to seek national support. in a democracy, people push policy forward not the politicians and so that's a lesson that he has drawn from the first term. that said, as far as i can -- as i know, and as i know him, his door is always open to people who are willing to work together to solve problems and one hopes in the next four years there will be a spirit of cooperation. understand we're never going to agree on anything. that's why we have two parties. in order to move the country forward we have to move together. >> david axelrod, always good to see you. >> good to see you, savannah. >> i know you'll be watching. we will have more on
issues he's facing -- the debt ceiling, and gun control. the president alluded to the challenges ahead in his inaugural adderss speech. >> we must make the hard choices to reduce the health care and the size of our deficit of we do not want it to make the choice of caring for the generation that the share of the country and the generation that will shape this country. >> also address - climate change and equal pay for women. joining us now, kron-4's political analyst micahel yaki. any surprises? >> it was a very bipartisan tone. and your thinking they just have an aggressive agenda. and the young, the u.s., the drive, he was reaching out to them picking up some of the other categories >> mammal he also talked about some " we the people. this new grass-roots advocacy program they are using the same techniques citizens that need it is number one, the gun control legislation. the congressional people's attention and getting it into their faces. >> and also to the gay community and talking about the fourth there has been a lot of criticism. there has not been enough about the war but there
that would defuse the debt ceiling crisis -- at least for now. it gives the government enough borrowing authority to last for at least four months. that move would prevent a first-ever default. the senate's democratic leader and the white house say they'll go along with the extension. it also contains a provision that withholds pay for house or senate members if the chamber in which they serve fails to pass a budget plan. that's a slap at the senate -- which hasn't debated a since 2009. >> pam: developing news at this hour. notre dame linebacker manti teo has admitted he lied about his supposed girlfriend. but says he didn't lie from the very beginning. kron 4's dan kerman is here to sort it all out. >> reporter: like many scandals it comes down to what did he know and when did he know it. and then what did he do about it. it turns out that in december, the all american did find out something was amiss. and continued to stick with the lie. as you've heard, teo supposedly had a serious relationship with a woman online and over the phone. and then was told she died on september 12. teo ga
's worth of gains for apple. >>> today the house voted to suspend the debt ceiling passing a bill that business the country another four months before it risks default but there's a catch. the bill is called no budget no pay. both chambers of congress have to pass a budget resolution or they don't get paid. house democrats against the bill call it a political gimmick. those in favor say it takes the threat of default off the table. >>> we are hearing from manti te'o for the first time since the whole fake girlfriend thing got exposed. the notre dame linebacker spoke to katie couric for her nationally syndicated daytime talk show katie. she asked him why he lied about his internet girlfriend after he found out that she never existed. >> this girl who i committed myself to died on september 12th. now i get a phone call on december 6th saying that she's alive and then i want to be put on national tv two days later and they ask me about the same question. you know, what would you do? >> the katie exclusive will air tomorrow. >>> san francisco co
in the battle over the debt ceiling. wednesday, house republicans are expected to pass legislation allowing the government to pay the bills for the next few months. republicans made clear that it was not the right thing to do, to play chicken with the full faith and credit of the united states. >> reporter: but this debt limit deal demands democrats in if senate do something 97 not done -- they have not done in nearly four years: pass a budget. >> we clearly near a budget. there hasn't been a budget in three and a half years. the debt has gone up $5 trillion since we had a budget in the senate. >> reporter: the g.o.p. initially wanted to use a vote on the debt limit to force democrats and the president to agree to more spending cuts. randall pinkston, cbs news, washington. >>> earlier in this newscast, we showed you a 49ers fan who tattooed his love for the team in vallejo tonight. now let's introduce you to nez adrian. he is the reno tattoo artist who incorporated colin kaepernick. he had kaepernick as a can vice since 2008 when he played for t
down on the debt ceiling. and laid out a liberal agenda for a second term. the gop is out of favor with the young minorities and women. not just at the ballot box. 49% of the nation now sees the republican party negatively. in the nbc news/"wall street journal" poll only 26% positively. democrats doing far better with a net positive. hand wringing at the gop winter meeting. >> republicans talk policy, and the democrats talk people. >> we've got to stop being the stupid party. >> reporter: bobby jindal on gop senate candidates todd aiken and richard murdoch whose comments about rape angered women. >> it's no secret we had a number of republicans who damaged the brand with offensive and bizarre comments. >> reporter: some republicans in four states with republican legislatures want to change the winner-take-all electoral college system in their states that gave president obama a big win. mitt romney would have been closer. a former party chair says forget that. the gop will recover. >> we've got a lot of work to do. we've got some cleaning up to do. we've got some making up to do, we
in congress. >> the focus shifts to pressing issues including the debt ceiling, gun- control, an immigration reform. however, today both the president and first lady along with a bite and will attend the national prayer service at the national cathedral. the white house will hold a press briefing today and just as congress returns to work. >> we will be back but with more on the kron 4 morning oh! progress-oh! -oh! -oh! oh! oh! ♪ what do you know? oh! ♪ bacon? -oh! -oh! oh! [ female announcer ] with 40 delicious progresso soups at 100 calories or less, there are plenty of reasons people are saying "progress-oh!" share your story for a chance to win a progress-oh! makeover in hollywood. go to facebook.com/progresso >> welcome back to the kron 4 morning news. new this morning a fire continued burning overnight at beale air force base hours after its bark. this is new video just in to kron 4. the base is an hour north of sacramento. the fire broke out around 230 yesterday afternoon at the civil engineering scosquadron building in the main base area. the two-story building that dates back to
. so the resolution of the debt ceiling crisis in particular, i think was a big moment for the market. we are targeting 2.25% on the ten-year over the next couple of months. as you mentioned, economic momentum is getting a little better. really, the underlying trend of things is not so bad for the economy. and if you do get, as your previous guest noted, another move up of 3%, 4%, 5% in equities, then that could easily be the impetus to get treasury yields even higher than they are today. >> the big question, and we should talk about it, is the losses that people could suffer moving forward. but for the moment, if we take a historical perspective, we're still at very low interest rates, aren't we. 4%, 5% would be a normal rate. i assume this is not necessarily at the moment at this level a problem in slowing the economy. >> no, we're not panicked. in fact, we think that treasury yields will probably find a plateau somewhere around that 2.25% and end the year somewhere about where they are today. treasury yields, at least at the moment, are heavily influenced by supply and demand facto
't produced one in almost years. on may 19th is what the debt ceiling has been extended to. what paul ryan is saying is that whatever bill comes out of the senate will call for more taxes and republicans in the house will not accept that. and if that then is the case then you get the cuts to the defense department and medicare. do i have that right? >> that is fundamentally correct. what we are looking at and what we'll see is whether or not the democrats in the senate insist that they sequester would be altered only by raising taxes and that is not going to happen. we j a $650 billion tax increase we are not going to do another one. these were cuts in law and they need to be altered. the president in his debate with governor romney said the sequester will not happen, and he's got to step up and help us work our way through that, because it does cut too much, in my opinion, the defense department. they've already had a big cut. this will be another big cut. and i think it's dangerous for the defense department and will do damage in a way that we should not do. bill: i mentioned the senate
.o.p. caucus even paul ryan voted with the president on that their bluff has been called on the debt ceiling. we don't want to shut down the government. so, it looks like republicans are fighting among themselves. so this debate is already underway in the republican party. >> yeah. the. >> the president understands this. that combined with the 332 electoral votes he got, i think he is in a stronger -- i think he is in a stronger position now than he has been probably in four years. so he has less incentive now to be mr. nice than he has in quite some time. i think we are seeing that. >> right. i was going to say, i think we see that he senses that as well. >> yeah. >> he feels that he is projecting it. i don't know whether -- i forget whether you were there the day he announced his measures on gun violence for example. >> yeah. >> that was straight o here is what we are going to do. whereas before on so many issues, they might say, you and i both heard robert gibbs and jay carney say we can't push for that because congress has to do it and we don't ha
and the white house can't agree on the deficit or the debt ceiling. will washington work is the theme of a seminar in davos today. house majority leader eric cantor, who is here will have to answer. that's the question on a lot of people's minds, why can't the u.s. get its act together? >> you know i think the thing that differentiates the u.s. from so many of the other countries especially in the eu we know how to fix our problem, and we're just at lagerheads as to which way to go. >> reporter: but the head of the international monetary fund christine lagarde said here "the u.s. has to confront this." if those decisions are postponed again -- >> well it will be pushing the can down the road again which was the reproach that we made against the europeans and i don't think that the u.s. should fall in that trap. >> reporter: and with the u.s. economy now showing renewed strength, the feeling here is that the u.s. could help pull up the rest of the world, if washington could just get out of the way. charlie, norah? >> anthony mason thank you. >>> in the internationa
house decided to buy time on the debt ceiling debate. >> they haven't put out a plan. the reason why we wanted to get the debt limit extended is so we can showcase our budgets. here's our plan for economic rule. here's our plan for balancing the budget. here's our plan for entitlement reform, which is necessary if you want to save medicare from bankruptcy and get this debt under control. >> as for 2016, ryan says it's premature to say if he will run for president. >>> several miles of the mississippi river closed this morning after two tank barges loaded with crude oil hit a railroad bridge. happened near the town of vicksburg, about 45 miles west of the jackson. one tank with 80,000 gallons of crude oil zastarted leaking. the coast guard stopped the leak. they're trying to figure out how many gallons spilled into the river. >>> icy conditions causing trouble for drivers. some are hitting slick spots and losing control. the wintry weather already blamed for several accidents. >>> gatorade no longer using an ingredient patented as a flame retardant in its drinks. the oil/flame retardant
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